We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together.

Akin to, and largely responsible for the sweeping changes in our industrial-military posture, has been the technological revolution during recent decades.

In this revolution, research has become central; it also becomes more formalized, complex, and costly. A steadily increasing share is conducted for, by, or at the direction of, the Federal government.

Today, the solitary inventor, tinkering in his shop, has been overshadowed by task forces of scientists in laboratories and testing fields. In the same fashion, the free university, historically the fountainhead of free ideas and scientific discovery, has experienced a revolution in the conduct of research. Partly because of the huge costs involved, a government contract becomes virtually a substitute for intellectual curiosity. For every old blackboard there are now hundreds of new electronic computers."

January 29, 2006
Corporate Wealth Share Rises for Top-Income Americans
By DAVID CAY JOHNSTON
New government data indicate that the concentration of corporate wealth among the highest-income Americans grew significantly in 2003, as a trend that began in 1991 accelerated in the first year that President Bush and Congress cut taxes on capital.

In 2003 the top 1 percent of households owned 57.5 percent of corporate wealth, up from 53.4 percent the year before, according to a Congressional Budget Office analysis of the latest income tax data. The top group's share of corporate wealth has grown by half since 1991, when it was 38.7 percent.

In 2003, incomes in the top 1 percent of households ranged from $237,000 to several billion dollars.

For every group below the top 1 percent, shares of corporate wealth have declined since 1991. These declines ranged from 12.7 percent for those on the 96th to 99th rungs on the income ladder to 57 percent for the poorest fifth of Americans, who made less than $16,300 and together owned 0.6 percent of corporate wealth in 2003, down from 1.4 percent in 1991.

The analysis did not measure wealth directly. It looked at taxes on capital gains, dividends, interest and rents. Income from securities owned by retirement plans and endowments was excluded, as were gains from noncorporate assets such as personal residences.

This technique for measuring wealth has long been used in standard economic studies, though critics have challenged that tradition.

Among them is Stephen J. Entin, president of the Institute for Research on the Economics of Taxation in Washington, which favors eliminating most taxes on capital and teaches that an unintended consequence of the corporate income tax is depressed wage rates. Mr. Entin said the report's approach was so flawed that the data were useless.

He said reduced tax rates on long-term capital gains may have prompted wealthy investors to sell profitable investments. That would show up in tax data as increased wealth that year, even though the increase may have built up over decades.

Long-term capital gains were taxed at 28 percent until 1997, and at 20 percent until 2003, when rates were cut to 15 percent. The top rate on dividends was cut to 15 percent from 35 percent that year.

The White House said it did not believe that the 2003 tax cuts had much influence on wealth shares. It also said that since wealth is transitory for many people, a more important issue is how incomes and wealth are influenced by the quality of education.

"We want to lift all incomes and wealth," said Trent Duffy, a White House spokesman. "We are starting to see that the income gap is largely an education gap."

"The president thinks we need to close the income gap, and he has talked about ways in which we can do that," especially through education, Mr. Duffy said.

The data showing increased concentration of corporate wealth were posted last month on the Congressional Budget Office Web site. Isaac Shapiro, associate director of the Center on Budget and Policy Priorities in Washington, spotted the information last week and wrote a report analyzing it.

Mr. Shapiro said the figures added to the center's "concerns over the increasingly regressive effects" of the reduced tax rates on capital. Continuing those rates will "exacerbate the long-term trend toward growing income inequality," he wrote.

The center, which studies how government affects the poor and supports policies that it believes help alleviate poverty, opposes Mr. Bush's tax policies.

The center plans to release its own report on Monday that questions the wisdom of continuing the reduced tax rates on dividends and capital gains, saying the Congressional Budget Office analysis indicates that the benefits flow directly to a relatively few Americans.

Hypatia of Alexandria

Hypatia of Alexandria (Greek: Ὑπατία; born between 350 and 370 CE – 415 CE) was a Greek scholar from Alexandria in Egypt, considered the first notable woman in mathematics, who also taught philosophy and astronomy. She lived in Roman Egypt, and was killed by a Coptic Christian mob who blamed her for religious turmoil. She has been hailed as a "valiant defender of science against religion", and some suggest that her murder marked the end of the Hellenistic Age.

A Neoplatonist philosopher, she followed the school characterized by the 3rd century thinker Plotinus, and discouraged mysticism while encouraging logical and mathematical studies.

Hypatia was the daughter of Theon, who was her teacher and the last known mathematician associated with of the Musaeum of Alexandria. She traveled to both Athens and Italy to study before becoming head of the Platonist school at Alexandria in approximately 400 CE. According to the Byzantine Suda, she worked as teacher of philosophy, teaching the works of Plato and Aristotle. It is believed that there were both Christians and foreigners among her students.

Although Hypatia was herself a pagan, she was respected by a number of Christians, and later held up by Christian authors as a symbol of virtue. The Suda controversially declared her "the wife of Isidore the Philosopher" but agreed she had remained a virgin.

Hypatia maintained correspondence with her former pupil Bishop of Ptolomais Synesius of Cyrene. Together with the references by Damascius, these are the only writings with descriptions or information from her pupils that survive.

The contemporary Christian historiographer Socrates Scholasticus described her in his Ecclesiastical History:There was a woman at Alexandria named Hypatia, daughter of the philosopher Theon, who made such attainments in literature and science, as to far surpass all the philosophers of her own time. Having succeeded to the school of Plato and Plotinus, she explained the principles of philosophy to her auditors, many of whom came from a distance to receive her instructions. On account of the self-possession and ease of manner, which she had acquired in consequence of the cultivation of her mind, she not unfrequently appeared in public in presence of the magistrates. Neither did she feel abashed in going to an assembly of men. For all men on account of her extraordinary dignity and virtue admired her the more.http://en.wikipedia.org/wiki/Hypatia_of_Alexandria

About Me

Ms. LaRosa (her nom de plume) aka Deborah Lagutaris is a grandmother of three, a mother of two, and a recent graduate of a top-tier law school. She put herself through college and law school after she held responsible positions for 30 years in banking, real estate brokerage, and real estate lending.